Chesapeake Bank has announced that Casey Porter has joined Chesapeake Payment Systems (CPS) as President and is expected to succeed Kate Root, who plans to retire at the end of 2026. Porter joined the company in August 2026, and the two executives will work together through the remainder of 2026 on the leadership transition.
#Porter’s payments and technology background
Porter brings more than 25 years of leadership experience in payments and financial technology. His previous leadership roles include positions with REPAY, Visa ®, TSYS, and BlueSquare.
His background includes work involving embedded finance, payment acceptance, commercial strategy, growth, innovation, strategic partnerships, and business enablement. He has also worked with CPS through industry partnerships before joining the company.
#Root’s planned retirement
Root plans to retire at the end of 2026 after leading Chesapeake Payment Systems. During her tenure, she helped develop the division’s team and organisation, according to Chesapeake Bank.
Root and Porter are scheduled to work together throughout the remainder of 2026 to support the handover. The company has not provided further details about the transition arrangements.
#Chesapeake Payment Systems’ operations
Chesapeake Payment Systems has been a division of Chesapeake Bank since 1995. It is headquartered at the Chesapeake Tech Center just outside Williamsburg in Norge, Virginia.
The division provides payment acceptance and processing solutions to businesses across Chesapeake Bank’s Virginia markets. Through strategic partner relationships, CPS also serves businesses across the United States.
#Chesapeake Bank background
Chesapeake Bank was founded in 1900 and is a subsidiary of Chesapeake Financials Shares (CFS: CPKF). The bank serves communities in the Northern Neck, Middle Peninsula, Williamsburg, Richmond, Chesterfield, and Hampton Roads.
In addition to Chesapeake Payment Systems, the company offers accounts receivable financing through Flexent. The source states that Chesapeake Bank employs 290+ people.
#Key Takeaways
- Casey Porter has joined Chesapeake Payment Systems as President.
- Porter is expected to succeed Kate Root, who plans to retire at the end of 2026.
- Porter brings more than 25 years of payments and financial technology leadership experience.
- Porter and Root will work together throughout the remainder of 2026 during the leadership transition.
- CPS has been a Chesapeake Bank division since 1995 and is headquartered in Norge, Virginia.
Original source: Read original article